Cloudflare (NET) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Cloudflare (NYSE: NET) in the last few weeks:

• 1/28/2025 – Cloudflare had its price target raised by analysts at Truist Financial Co. from $120.00 to $140.00. They now have a “buy” rating on the stock.
• 1/27/2025 – Cloudflare had its price target raised by analysts at Wells Fargo & Company from $135.00 to $150.00. They now have an “overweight” rating on the stock.
• 1/21/2025 – Cloudflare had its price target raised by analysts at Scotiabank from $87.00 to $110.00. They now have a “sector perform” rating on the stock.
• 1/21/2025 – Cloudflare had its price target raised by analysts at Morgan Stanley from $130.00 to $140.00. They now have an “overweight” rating on the stock.
• 1/17/2025 – Cloudflare is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $111.00 price target on the stock.
• 1/17/2025 – Cloudflare was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $145.00 price target on the stock, up previously from $95.00.
• 1/7/2025 – Cloudflare had its price target raised by analysts at Wells Fargo & Company from $110.00 to $135.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – Cloudflare had its price target raised by analysts at Royal Bank of Canada from $99.00 to $123.00. They now have an “outperform” rating on the stock.
• 1/2/2025 – Cloudflare was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $77.00.
• 12/19/2024 – Cloudflare had its price target raised by analysts at Jefferies Financial Group Inc. from $100.00 to $125.00. They now have a “hold” rating on the stock.
• 12/17/2024 – Cloudflare was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock, up previously from $95.00.
• 12/13/2024 – Cloudflare had its price target raised by analysts at Mizuho from $102.00 to $125.00. They now have a “neutral” rating on the stock.
• 12/2/2024 – Cloudflare was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $130.00 price target on the stock, up previously from $92.00.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $139.54 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. Cloudflare, Inc. has a 1 year low of $66.24 and a 1 year high of $140.25. The firm has a market capitalization of $47.89 billion, a PE ratio of -536.69 and a beta of 1.10. The business’s 50 day moving average price is $112.25 and its 200-day moving average price is $93.58.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, November 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $430.08 million for the quarter, compared to analysts’ expectations of $423.65 million. Cloudflare had a negative net margin of 5.97% and a negative return on equity of 7.18%. As a group, equities research analysts expect that Cloudflare, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.60, for a total transaction of $265,800.00. Following the transaction, the insider now owns 185,386 shares of the company’s stock, valued at approximately $16,425,199.60. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maria S. Eitel sold 6,875 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.00, for a total value of $605,000.00. Following the completion of the sale, the director now directly owns 5,927 shares of the company’s stock, valued at $521,576. This trade represents a 53.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 641,132 shares of company stock valued at $69,429,058. Corporate insiders own 12.83% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently bought and sold shares of the company. WIM INVESTMENT MANAGEMENT Ltd acquired a new position in Cloudflare in the third quarter valued at about $25,588,000. International Assets Investment Management LLC purchased a new stake in shares of Cloudflare in the 3rd quarter valued at approximately $147,160,000. Parnassus Investments LLC lifted its holdings in shares of Cloudflare by 1,851.9% in the 3rd quarter. Parnassus Investments LLC now owns 138,410 shares of the company’s stock worth $11,196,000 after acquiring an additional 131,319 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cloudflare by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,834,558 shares of the company’s stock worth $390,130,000 after purchasing an additional 121,810 shares during the period. Finally, Generate Investment Management Ltd acquired a new stake in Cloudflare in the 4th quarter valued at approximately $12,946,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.